Stockman Wealth Management, Inc. (Billings)

Stockman Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and asset/liability modeling using a third party model / provide investment advice through consultation for an hourly fee. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stockman Wealth Management: assets under management

The assets under management (AUM) of Stockman Wealth Management, Inc. is $2.58 billion. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $462.06 million in discretionary accounts and $2.12 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $408.91 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $10.66 million.

Investments

The firm invests in government bonds the most. They account for 47% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stockman Wealth Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stockman Wealth Management serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Stockman Wealth Management is banking or thrift institutions with 12 clients and $2.06 billion of assets under management. Among the 8 most similar advisory firms, Stockman Wealth Management has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $2.58 billion for 990 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Stockman Wealth Management doesn't advise any private funds.

Careers at Stockman Wealth Management, Inc.

The company employs 19 people that are either part- or full-time employees. 84 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Eric Allen Vermulm has served as the Chief Investment Officer since 1 Aug 2016. David William Ashby joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in Billings

The principal office where Stockman Wealth Management, Inc. performs its advisory services is located at 402 N. Broadway, Billings, MT 59101 The mailing address of the firm is P.O. Box 2507, Billings, MT 59103. An additional office of the firm is in Missoula, MT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 406-655-3960 or by fax 406-874-8743. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at stockmanbank.com and its LinkedIn profile.

Registered investment advisers similar to Stockman Wealth Management, Inc.

• Crestline Denali Capital
• Alex. Brown Investment Management, L L C
• Mortgage Industry Advisory Corporation
• Halcyon Asset Backed Advisors
• Chilton Investment Company
• Capital Management Strategies Finacial Services
• Sprott Asset Management
• Fillmore Capital Partners
• Ing Clarioin Capital
• Avista Capital Holdings
• Applegate & Collatos
• Nordea Investment Management North America
• Private Management Group
• Lotsoff Capital Management
• Telemus Capital